SB553 — Economic development: tax increment financing; water resource improvement authorities; modify. Amends secs. 703, 705 & 710 of 2018 PA 57 (MCL 125.4703 et seq.).

SB553 — Economic development: tax increment financing; water resource improvement authorities; modify. Amends secs. 703, 705 & 710 of 2018 PA 57 (MCL 125.4703 et seq.). · Informed CitizenryThis bill amends the Recodified Tax Increment Financing Act (2018 PA 57) to modify the creation and authority of water resource improvement authorities. It provides specific definitions for terms s…Open in Informed Citizenry